Palantir电话会：AI带来“非凡增长”、“40法则”罕见破百，CEO炮轰华尔街“我们交出软件公司史上最佳业绩，而你们一直看错”！

Core Insights - Palantir reported an exceptional Q3 performance driven by its AI platform (AIP), with a 63% year-over-year revenue growth to $1.181 billion, significantly exceeding market expectations [4][22] - The company raised its revenue and profit guidance for the full year, projecting a 104% growth in U.S. commercial revenue [4][22] - CEO Alex Karp criticized Wall Street analysts for their pessimistic views, claiming they have been wrong at every price point [6][30] Financial Performance - Q3 revenue reached $1.181 billion, a 63% increase year-over-year, with U.S. commercial business growing by 121% [4][22] - The company achieved a "Rule of 40" score of 114%, combining a 63% revenue growth rate with a 51% adjusted operating margin [5][21] - Total contract value (TCV) for Q3 hit a record $2.8 billion, reflecting a 151% year-over-year increase [22][24] AI Platform Demand - The demand for AIP is described as "endless," with clients shifting from single AI use cases to enterprise-wide deployments [7][9] - Notable examples include a medical device manufacturer expanding its contract value by over eight times within five months [7][15] - The company is witnessing a trend where C-suite executives are directly involved in AI transformation initiatives [7][15] Government Business - U.S. government revenue grew by 52% year-over-year, with international government revenue increasing by 66% [11][25] - A significant milestone was achieved when the U.S. Army mandated the integration of Palantir's platforms across its organizations [11][19] Market Position and Valuation - Following the earnings report, Palantir's stock surged over 5% in after-hours trading, contributing to a year-to-date increase of over 170% [2][22] - The company's market capitalization approached $500 billion, making it one of the best-performing stocks in the S&P 500, although analysts expressed concerns about its high valuation relative to fundamentals [2][22] Unique Competitive Advantage - Palantir's unique technology "moat" is attributed to its foundational investments in "Ontology," which integrates diverse data sources for AI applications [8][17] - The company emphasizes its ability to deliver transformative AI solutions, distinguishing itself from competitors [8][17]